Tokenization

Tokenization

Finance

Ondo Finance to Offer Tokenized U.S. Stocks, ETFs on Solana Early Next Year

The platform will enable 24/7 trading of U.S. stocks and exchange-traded funds with near-instant settlement, building on Ondo's existing $365 million in tokenized assets.

Stock market price charts (Anne Nygård/Unsplash)

Web3

Real-World Asset DeFi Moves Into Sports Finance With Tokenized Football Club Revenues

A new DeFi model is providing football clubs with faster access to liquidity by converting future media and broadcasting revenues into tokenized, onchain assets.

(Damon Nofar/Pixabay, modified by CoinDesk)

Finance

JPMorgan Launches Tokenized Money Market Fund on Ethereum as Wall Street Moves Onchain

The $4 trillion U.S. bank is the latest financial giant in rolling out tokenized MMF onchain, joining BlackRock, Franklin Templeton and Fidelity.

JPMorgan building (Shutterstock)

Markets

Weekend Sell-Off Hits EdgeX’s Nasdaq-Linked Perp as $13M in Longs Liquidated

A large short placed during off-hours sent EdgeX’s XYZ100 perpetual down nearly 4%, exposing risks in equity-index perps when traditional markets are closed.

XYZ100 liquidation cascade (Xyz.trade)

Finance

Pakistan, Binance Sign MOU to Explore Tokenization of $2B in State Assets: Reuters

The agreement comes as Pakistan accelerates the rollout of a formal crypto regulatory framework and explores blockchain-based distribution of government-owned assets.

Sindh Province Capital Karachi, Pakistan. (Muhammad Jawaid Shamshad/Unsplash)

Web3

Backed, Chainlink Unveil xBridge to Move Tokenized Stocks Between Solana and Ethereum

The bridge uses Chainlink's CCIP to ensure consistent behavior across chains, mirroring the behavior of underlying assets.

Computer monitors and a laptop screen show trading charts on a desk overlooking an expanse of water at sunset. (sergeitokmakov/Pixabay, modified by CoinDesk)

Policy

U.S. SEC Gives Implicit Nod for Tokenized Stocks

Clearing and settlement company the Depository Trust & Clearing Corp. said a subsidiary had received a no-action letter to offer tokenized real-world assets.

Securities and Exchange Commission logo (CoinDesk)

Finance

JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana

Galaxy’s onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.

JPMorgan building (Shutterstock)

CoinDesk Indices

Crypto for Advisors: Tokenization Trends

Tokenized Money Market Funds were the breakout asset in 2025. Institutional adoption, regulatory shifts, and new cash rails point to 2026 as the year of acceleration.

Key stock image

Markets

State Street and Galaxy to Launch Tokenized Liquidity Fund on Solana in 2026

The fund will run on Solana at launch and use PYUSD.

State Street building in London (Danny Nelson/CoinDesk)